The Saugatuck Shores house at 9 Island Way is among the 23 Westport homes in the process of being structurally elevated following Storm Sandy—an effort partially subsidized by FEMA, according to Westport Fire Department officials. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
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WestportNow Teardown of the Day: 22 Jennings Court
An application for a permit to demolish the house at Westport’s 22 Jennings Court, off Bayberry Lane, is in process. Built in 1957, the two-story split level has 1,709 square feet and is situated on a 1.09-acre property. Because the house was built more than 50 years ago, the application will be reviewed by the Westport Historic District Commission. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
WestportNow Teardown of the Day: 3 Sharp Turn Road
An application for a permit to demolish the house at Westport’s 3 Sharp Turn Road, off Whitney Street, is in process. Built in 1940, the two-story colonial has 2,766 square feet and is situated on a .26-acre property. Because the house was built more than 50 years ago, the application will be reviewed by the Westport Historic District Commission. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Real Estate Report: Prices Creeping Upward
By Judy Szablak
Prices are creeping upwards, as almost 45 percent of all homes available in Westport are listed for more than $2 million and activity is brisk with almost 27 percent of all of the homes under pending status in the this price range as well.
This home at 22 Sue Terrace is listed at $1,489,000. (CLICK TO ENLARGE) Photo courtesy of William Pitt Sotheby’s/ Westport
This marks a significant increase over last year’s activity in the range, where 19.5 percent of all sales reported through our MLS system were $2 million and above.
The $2 million-plus range is not the only active price pocket in town, as almost one-third of all the homes under the initial stage of deposit are between $1-1.5 million.
Five-bedroom homes continue to be the best sellers, and list price to sale price ratios are currently at a respectable 95 percent.
Westport Property Transfers Feb. 25 – March 1, 2013
Westport property transfers as reported by the Town Clerk’s office for the period Feb. 25 - March 1, 2013:
Thomas A. Petrone to Richfield Real Estate Investment LLC, 131 Morningside Drive South, $575,000
Toth Investments LLC to Joseph and Holly Arcadi, 30 Ellery Lane, $3,100,000
Hugh Pickering Est. to Elizabeth Pires, 4 Highwood Lane, $585,000
Victor Construction LLC to Joshua Fagen and Alison Bush, 35 Silent Grove North, $1,615,000
Opposition to Bridgewater Move Growing
By Neena Satija
Opposition to Gov. Dannel P. Malloy’s $115 million deal with Bridgewater Associates is growing, as observers charge that he is sidestepping state and local policies to move the country’s largest hedge fund from Westport to his hometown of Stamford.
This building off of Ford Road in Westport is one of five locations occupied by Bridgewater Associates in Westport. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Many in Stamford are incensed that no city officials, not even the mayor, knew of the deal with Bridgewater until it was announced last August. Critics also say the global investment company should not be getting state funds to build an office complex in a high-risk floodplain, in apparent violation of state environmental policies. They say the move shows that Bridgewater is getting special treatment when compared with agencies such as housing authorities, which have historically been unable to use state money to renovate housing projects in floodplains.
Malloy said on WNPR’s “Where We Live” Wednesday that the move saves jobs from potentially leaving the state, and could create as many as 1,000 more. “They were being courted by New Jersey and New York for the purposes of relocation out of Connecticut,” Malloy said. “That would have cost us tens of millions of dollars per year.”
But critics argue that economic development cannot be achieved at the expense of breaking the rules.
Click here for more of story
Comings & Goings: Cursive to Sconset Square
Cursive, a New York-based retailer of fine paper, jewelry and home and personal accessories, has opened in Westport’s Sconset Square. Co-owned by Doug Duncan and his business partner, Michael Schultz, Cursive traces its origins to October 2005 within ABC Carpets, 19th Street and Broadway, New York and expanded in June 2009 to a second New York location in Grand Central Terminal. “We found that many of our customers were Westport-based commuters so when we looked to break out beyond the city we looked into Westport,” Duncan said. “We were impressed with the town and recognize its growing retail presence.” (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Going Down: 6 Cardinal Lane
The house at Westport’s 6 Cardinal Lane, off Tupelo Road, was demolished today. Built in 1965, the two-story colonial had 2,796 square feet, was situated on a 2.09-acre property and changed ownership in January for $720,000. It was the WestportNow Teardown of the Day, Jan. 23, 2013. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
WestportNow Teardown of the Day: 20 Hyde Lane
An application for a permit to demolish the house at Westport’s 20 Hyde Lane, off Long Lots Road, is in process. Built in 1964, the one-story raised ranch has 1,548 square feet and is situated on a one-acre property. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
Comings & Goings: Restaurant 323 Opens Tuesday
Restaurant 323, 323 Main St., will open Tuesday at 5 p.m. according to a worker on site. Passersby have seen several nights of “private event” activities before the official opening. The site is the former Bogey’s Grill and Taproom which, after 17 years, closed its doors in August 2011. (See WestportNow Sept. 9, 2011) (CLICK TO ENLARGE) Dave Matlow for WestportNow.com
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